# 321 S Madison Avenue, Anderson, IN 46016

> **TL;DR:** 3bd/1ba single family, $49,999 ($36/sqft), built 1904, 1,379 sqft.
> Fireplace, Basement. Est. $217/mo. Listed 165 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $49,999 |
| Price/sqft | $36 |
| Bedrooms | 3 |
| Bathrooms | 1 full |
| Square Feet | 1,379 |
| Year Built | 1904 |
| Lot Size | 1,742 sqft (0.04 acres) |
| Property Type | Single Family (Single Family Residence) |
| Status | For Sale |
| Days on Market | 165 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $217 |
| **Total** | **$217** |

## Nearby Schools

- **Middle:** Highland Middle School

## Key Amenities

- Fireplace
- Basement

## Property Highlights

- Built in 1904
- 0.04 acre lot
- Fireplace

## Description

### Agent Description
Excellent investment opportunity in Anderson! This property at 321 Madison Ave offers strong potential for renovation or full rehab. Ideal for investors seeking to add value and build equity through updates. The home requires interior and exterior renovation, but once restored, it could serve as a profitable flip or long-term rental. Conveniently located near amenities, schools, and major routes. Sold as-is-seller will make no repairs. Use caution when showing.

## Location

- **Address:** 321 S Madison Avenue, Anderson, IN 46016
- **County:** Madison
- **Neighborhood:** Evalyn
- **Coordinates:** 40.112212, -85.692056
- **Google Maps:** https://www.google.com/maps?q=40.112212,-85.692056

## Listing Agent

- **Name:** Rafael Ayala
- **Brokerage:** eXp Realty, LLC
- **Phone:** 3176677051
- **Email:** rafazrealtor@gmail.com

## Primary Photo

![321 S Madison Avenue - Primary Photo](http://lh.rdcpix.com/e8e3d0d11c49d2a2ded425c56f99925fl-f1924394665r.jpg)

*28 total photos available on [listing page](https://www.propertysimple.com/listing/321-s-madison-avenue-anderson-in-46016-22070367)*

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**MLS#:** 22070367 | **Updated:** 2026-04-24
**Source:** listhub

*Copyright © 2026 MIBOR Service Corporation. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.com/listing/321-s-madison-avenue-anderson-in-46016-22070367)

---

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